2 more execs exit as Sears revamps

Duo led Kenmore, Craftsman brands

Sears Holdings Corp. executives who have been in charge of the retailer's flagship Kenmore and Craftsman brands have resigned as the retailer undergoes a major reorganization.

Tina Settecase, vice president of home appliances, left the Hoffman Estates-based company Friday, spokesman Chris Brathwaite said. Settecase led the charge to revive Sears' appliance business, including its marquee Kenmore line, as Home Depot and Lowe's entered the appliance arena and took market share.

Greg Inwood, who had been in charge of Craftsman tools, hardware and paint in 2006 and 2007, left several weeks ago. Inwood had moved to Sears' online business briefly late last year as vice president of merchandising for e-commerce. He previously held posts in inventory management, lawn and garden products, and logistics.

Both executives have been with the company for more than three decades and are retiring, Brathwaite said.

Steven Light, a vice president of inventory management for apparel at the Sears division, will succeed Settecase as head of appliances. Dave Figler, a former Staples Inc. executive, succeeded Inwood as head of tools, hardware and paint.

In their new jobs, Light and Figler report to Doug Moore, senior vice president for hardlines merchandising. Moore joined Sears last June from Circuit City Stores Inc., where he was chief merchandising officer.

The management changes were first reported by The Wall Street Journal. Sears is in the midst of a reorganization that is dividing the company into many business units -- including some focused on brands, real estate and store operations -- in a move the company said is aimed at speeding decision-making and increasing accountability. Sears CEO Aylwin Lewis was ousted in January, and Sears is looking for a new CEO.